India Auto Sector Growth to Slow to 3-6% in FY27: ICRA Flags High Base, Premiumisation & EV Shift
India’s automotive industry faces moderated growth of 3-6% in wholesale volumes for FY27 (April 2026-March 2027), down from robust H2 FY26 gains driven by GST cuts and rural demand. ICRA attributes this to a high base effect and normalizing pent-up demand, though structural trends like premiumisation and EVs offer resilience.
